About Us | UBI Services Limited

The Company
Board of Directors
Key Management Team

What we do, speaks about us

About UBI Services Limited (UBISL)

UBI Services Limited (UBISL) is a wholly owned subsidiary of Union Bank of India, a premier Public Sector Bank, having its registered office at Mumbai. The Company (Earlier Corpbank Securities Ltd and now UBI Services Ltd) was incorporated and accredited as primary dealer in the year 1999. The primary dealer activity was taken over by the parent bank ( Then Corporation Bank) in 2007.

The Company is presently engaged in giving broking services to the Institutional clients in Capital Market Segment. Other than that, the Company has been undertaking various other business activities like distribution of Mutual Fund schemes, trading in the Govt. debted Securities, Certificate of Deposits, Treasury bills, and Commercial papers. Apart from that, the company is prominently into the business of distribution of Retail Loan Products for the Parent Bank i.e Union Bank of India.

Mission

“To work together towards delivering excellent, responsive customer service by leveraging on technology and human resources”

Vision

“To be a leading next generation digital savvy financial services provider excelling in customer service delivery and value creation for all stakeholders”

“Get to know the leadership team at our company"

BOARD OF DIRECTORS
Mr. S. Ramasubramanian Chairman

Mr. S. Ramasubramanian
Chairman
Shri S. Ramasubramanian has been appointed as Non-Executive Director of UBI Services Ltd on May 2, 2024.

Shri S. Ramasubramanian also assumed office as Executive Director of Union Bank of India w.e.f. from November 21, 2022.
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Mr. Pravin Sharma

Non-Executive Director

Mr. Pravin Sharma has been appointed as Non-Executive Director in the Company since 25.08.2022. He is also Chief General Manager, Union Bank of India, Mumbai.

Ms. Beena Vaheed

Non-Executive Director

Ms. Beena was appointed as a Director on the Board of Union Bank of India Services Ltd. on 02-05-2024. She is also Chief General Manager, Union Bank of India, Mumbai.

Mr. Sanjay Rajoria

Managing Director & CEO

Mr. Ramesh Lakshman Adige

Non-Executive Independent Director

Mr. Ramesh Lakshman Adige, Non-Executive Independent Director is a B.E (Hons) from BITS Pilani & has a Post Graduate degree from the Faculty of Management Studies

Mr. Ram Krishna Sinha

Non-Executive Independent Director

Shri Ram Krishna Sinha, has been appointed as Non-Executive Independent Director of UBI Services Limited.

Mr. S. Ramasubramanian

Shri S. Ramasubramanian has been appointed as Non-Executive Director of UBI Services Ltd on May 2, 2024. Shri S. Ramasubramanian also assumed office as Executive Director of Union Bank of India w.e.f. from November 21, 2022.
Prior to joining Union Bank of India, he held the position of Chief General Manager at Canara Bank. He has over 25 years of rich experience in various facets of Banking including Corporate Credit, MSME, Retail Credit, International Credit and FOREX. He is a Science graduate and a Certified Associate of Indian Institute of Bankers (CAIIB).
Throughout his banking career he has led effectively under various capacities; both in operations and administrative areas. He has executed leadership roles across various segments namely; Prime Corporate Credit Wing, Large Corporate, Mid Corporate Branches including a stint at Hong Kong Branch of Canara Bank. The India Banks’ Association (IBA) having recognized his expertise and invaluable insights into Credit; secured him membership in their Standing Committee for Corporate Credit in the past. Similarly, he was also participated in the Kamath Committee on COVID related Loan Restructuring.

Mr. Pravin Sharma

Mr. Pravin Sharma has been appointed as Non-Executive Director in the Company since 25.08.2022. He is also Chief General Manager, Union Bank of India, Mumbai. He is an Alumni of Amravati University with a Bachelor’s degree in Electronics & Telecommunication engineering (1996 batch). He also has completed CAIIB from the Indian nstitute of Banking &Finance in the year 2016.
Mr. Pravin Sharma joined Union Bank of India in the year 2008 as an Assistant General Manager in the Department of Information Technology of the Bank and rose to the level of Chief General Manager by the year 2021. In this inspiring journey, he has been the head of the Digital Banking Department now he is leading as CGM of the Deposit Mobilisation Department of the Bank. He was also nominated as a director on the Board of Kashi Gomti Gramin Bank, Varanasi on behalf of Union Bank of India.
He was instrumental in completing the IT integration project of Andhra Bank & Corporation Bank with Union Bank of India consequent to the Amalgamation of the three Banks in a record time of 10 months from the date of amalgamation(1 st April 2020). He has also represented the Bank in various National and International Conferences, some of the latest are as below:
1. IBA Banking Technology Conference 2016 at Mumbai
2. Swift International Banking Operations Meeting (2016) at Geneva
3. CISO conference on NCIIPC (2017) organized by National Critical Information Infrastructure Protection Centre at New Delhi
4. IBA Banking Technology Conference Expo & Award 2016-17 at Mumbai

Ms. Beena Vaheed

Ms. Beena was appointed as a Director on the Board of Union Bank of India Services Ltd. on 02-05-2024. She is also Chief General Manager, Union Bank of India, Mumbai.
She has over 31 years of rich experience in various fields of Banking. She has held various leadership roles during her career. Besides, heading critical roles in the field overseeing operations at various levels, she was in charge of the Region and Zone in Delhi. Post Amalgamation, she played a pivotal role in cultural integration as General Manager-HR Operations. She was also in charge of the Bank’s Government Business Operations.
Currently, as Chief General Manager of the Deposit Mobilization Department at Union Bank of India, Ms. Beena is responsible for managing deposit products and driving strategic initiatives to enhance the bank's deposit base. Her leadership effectiveness is evidenced by multiple awards and recognitions for outstanding performance.
She holds a Bachelor’s degree in Science and a Master’s degree in Communication and Journalism from the University of Kerala, an Executive PGDM from IIM Kozhikode, and specialized training in Cyber Security.
She is renowned for her strategic acumen, people development, team building and motivation, and customer engagement skills, making her a well-rounded and dynamic professional.

Mr. Sanjay Rajoria

Shri Sanjay Rajoria is as Managing Director & Chief Executive Office of UBI Services Ltd. He is a seasoned banker and a wealth management specialist having an experience of nearly three decades in financial services industry. During this tenure, he has worked with NBFCs, Distribution outfits, Advisory firms and Retail Banking verticals. Shri Rajoria has a robust experience of driving large teams, selling multiple products specially on the Liabilities, Assets and Wealth solutions side giving a holistic approach to sales and customer life cycle management.
He started his career in 1992, and got an opportunity to work for reputed organizations like ICICI Bank, HDFC Bank, Kotak Bank, Yes Bank, Standard Chartered Bank etc. This also involved setting up Retail Banking operations of Doha Bank in India where he has handled geographies of India, UAE, Qatar and Kuwait. In addition he was responsible for heading entire Retail Banking functions of SVC Bank.
Professionally, he is a Cost Accountant (AICMA), Management Graduate (MBA), FIII (Fellow in Life Insurance) and CFP (Certified Financial Planner).

Mr. Ramesh Lakshman Adige

Mr. Ramesh Lakshman Adige, Non-Executive Independent Director is a B.E (Hons) from BITS Pilani & has a Post Graduate degree from the Faculty of Management Studies, Univ of Delhi. He has almost five decades of wide & in depth experience, in the areas of Banking & Insurance, Marketing, Branding, Consumer durables, Automotive industry, Pharma, Global CorpComm and Healthcare. In addition, Ramesh is adept at EHS and MDG/ESG administration, CSR, Sustainability reporting, Intellectual property policy, Public affairs, Public Policy, & Higher Education. He was Ind Dir on the Board of SyndicateBank & SUD Life and Fortis Healthcare. Ramesh was member of the BOG of the Indian Institute of Corporate Affairs. He was Executive Director on the Board of Fiat India, and Ranbaxy. He was Chairman of the PHD Rural Development Foundation. He was President of the Governing Council of ARAI, Pune, the premier institute for validation, homologation & certification of all automotive and allied industries. He was a Member of the National Pharmacopeia Commission & National Formulary of India. After finishing his terms on various boards, he continues to be on the Board of LIC Housing Finance Ltd, Union Bank of India Services Ltd and Fortis Malar Hospital Ltd. He is also Founder Member of the BioDiversity Foundation of NCT of Delhi chaired by the Lt Governor of Delhi. Ramesh has worked, in leadership roles in highly regulated & complex industries, and in challenging geographies such as India, USA, Europe and Africa, with a successful track record of building and managing the Brand and company reputation. The focus always being on value creation and positive outcome for stakeholders. His other interests are- Natural history, Ornithology & Tree Planting.

Shri Ram Krishna Sinha

Shri Ram Krishna Sinha, has been appointed as Non-Executive Independent Director of UBI Services Limited. Shri Ram Krishna Sinha joined the Bank of India as a Direct Recruit Officer in 1982, after completing his Post-graduation in Physics, with distinction. With professional degrees of CAIIB and MBA (Finance), Shri Sinha had set high standards at work, both in India and abroad.
Apart from his stint in Nairobi, Kenya, as Advances Head, he had closely worked with McKinsey & Co. on Change Management as part of his Bank’s mega reorganizational initiative. He also served as Dy. General Manager- International Operations, overseeing the Bank’s over sixty overseas outlets across the world. Later, as General Manager-Learning & Development and Business Process Re-engineering, in the Bank’s Corporate Office in Mumbai, he brought about novel changes in the areas of learning, training and business processes.
An award-winning writer, Shri Sinha has authored the motivational book “X-Factor @ Workplace”. An Opinion Columnist for CEOWORLD Magazine, he writes extensively on Banking & Finance, Business Strategy, Corporate and Public Policy issues of importance in top newspapers and magazines. He has done “Executive Education” in Strategic Communications at IIM-Calcutta.
Shri Sinha is currently on the Board of Bank of India Trustee Services Pvt Ltd, as an Independent Director.

KEY MANAGEMENT TEAM

Mr. SANJAY RAJORIA

Managing Director & CEO

Mr. Dattatraya Bhosale

Chief Financial Officer

Mr. Dattatraya Bhosale is the Chief Financial Officer and is responsible for Finance & Account Function

ACS Bhagyashree Sontakke

Company Secretary

Ms. Bhagyashree was inducted in 2023 as a Company Secretary & heads the Company’s Legal and Compliance division.

Mr. Nitesh Surve

Chief Operating Officer

Mr. Nitesh Surve is the Chief Operating Officer and is responsible for strengthening the Operations, Operational Risk Management framework, CRM and MIS units of the organisation.

Mr. Manish Kumar

Chief People Officer

Mr. Manish Kumar is an accomplished HR professional with an impressive 30 years of experience. He is an alumnus of esteemed Xavier Institute of Social Service, Ranchi and brings a wealth of expertise in Retail, Manufacturing, Projects, Pharma, Banking, and NBFC.

Mr. Sanjay Rajoria

Mr. Dattatraya Bhosale

Mr. Dattatraya Bhosale is the Chief Financial Officer and is responsible for Finance & Account Function, Treasury Operations Audits, MIS & Budgeting, Business Plan and Financial Statements of the organisation. He is a seasoned professional with a degree of Chartered Accountants and have 22 years of extensive experience in BFSI Industry. Before joining UBISL, Datta was working as a Chief Financial Officer at IDBI Capital Markets & Securities Limited for three years, with a prior role at reputed financial institutions including SBI General Insurance, ICICI Securities & IL&FS Group Co. into Finance & Accounts.
Datta is Chartered Accountants and M Com from Mumbai University. He holds various certifications like FXTM & Ind AS from ICAI and completed SAP FICO Course. He has robust experience of VAT, GST & Ind AS Implementation, Automation of various Finance & Accounts process, Handled Overseas subsidiaries and branches located in USA, UK, Singapore, Hongkong & Oman, Also has experience to make representations before various tax & other regulatory authorities like, Income Tax, Service Tax / GST, MOF, SEBI, NSE, BSE etc.

ACS Bhagyashree Sontakke

Ms. Bhagyashree was inducted in 2023 as a Company Secretary and heads the Company’s Legal and Compliance division. She is an Associate Member of the Institute of Company Secretaries of India and has a Law degree from the Government Law College, Mumbai. Prior to joining UBISL, she has worked as Manager- Secretarial and Legal for a period of 8 years at one of the premier Civil Contracting Company having existence of more than 75 years having PAN India presence and has handled numerous strenuous tasks.

Mr. Nitesh Surve

Mr. Nitesh Surve is the Chief Operating Officer and is responsible for strengthening the Operations, Operational Risk Management framework, CRM and MIS units of the organisation. He is a seasoned professional with 22 years of extensive experience in Operations, Operational Risk Management, Internal Audit/Control, and Credit Policy/Underwriting functions catering to various financial products.
Before joining UBISL , Nitesh was working as an Associate Vice President - Risk Management at Piramal Capital & Housing Finance Ltd, with prior roles at reputable financial institutions including RBL Bank, IIFL Finance, and HSBC Bank into Risk and Control.
Nitesh is MBA in Finance from MET’s Institute of Management and B.Sc. in Chemistry from Mumbai University. He holds certifications in Operations Risk Management.

Mr. Manish Kumar

Mr Manish Kumar is an accomplished HR professional with an impressive 30 years of experience. He is an alumnus of esteemed Xavier Institute of Social Service, Ranchi and brings a wealth of expertise in Retail, Manufacturing, Projects, Pharma, Banking, and NBFC. His leadership journey spans roles like CHRO and Head of HR for 19 years, showcasing his ability to strike a perfect balance between strategic thinking and day-to-day execution. Manish has excelled in large multinational and Indian corporations like Royal Bank of Scotland, IDFC Limited, ICICIBANK and more. Before joining UBISL, Mr Kumar was Group CHRO at Poonwalla Fincorp Limited.
Beyond his HR prowess, Manish is deeply committed to Diversity, Inclusion , Governance & Risk. He has comprehensive knowledge of Indian employment laws and carries strong relationships with labor authorities.

Leadership quality is the
best quality someone possesses

What we do, speaks about us

About UBI Services Limited (UBISL)

Mission

Vision

“Get to know the leadership team at our company"

BOARD OF DIRECTORS

Mr. S. Ramasubramanian

Mr. Pravin Sharma

Ms. Beena Vaheed

Mr. Sanjay Rajoria

Mr. Ramesh Lakshman Adige

Mr. Ram Krishna Sinha

KEY MANAGEMENT TEAM

Mr. SANJAY RAJORIA

Mr. Dattatraya Bhosale

ACS Bhagyashree Sontakke

Mr. Nitesh Surve

Mr. Manish Kumar

Read our Blog for more insights

How to apply for home loan under The Pradhan Mantri Awas Yojana?

Why is it important to avail loan from public sector bank?

All you need to know about Housing and vehicle loans basics

How to choose your first home loan?

Wonderful way to get ultra-cheap home loans and vehicle loans

Head Office

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Share This :

Leadership quality is the best quality someone possesses

What we do, speaks about us

About UBI Services Limited (UBISL)

“Get to know the leadership team at our company"

BOARD OF DIRECTORS

Mr. S. Ramasubramanian

Mr. Pravin Sharma

Ms. Beena Vaheed

Mr. Sanjay Rajoria

Mr. Ramesh Lakshman Adige

Mr. Ram Krishna Sinha

Mr. S. Ramasubramanian

Mr. Pravin Sharma

Ms. Beena Vaheed

Mr. Sanjay Rajoria

Mr. Ramesh Lakshman Adige

Shri Ram Krishna Sinha

KEY MANAGEMENT TEAM

Mr. SANJAY RAJORIA

Mr. Dattatraya Bhosale

ACS Bhagyashree Sontakke

Mr. Nitesh Surve

Mr. Manish Kumar

Mr. Sanjay Rajoria

Mr. Dattatraya Bhosale

ACS Bhagyashree Sontakke

Mr. Nitesh Surve

Mr. Manish Kumar

Read our Blog for more insights

How to apply for home loan under The Pradhan Mantri Awas Yojana?

Why is it important to avail loan from public sector bank?

All you need to know about Housing and vehicle loans basics

How to choose your first home loan?

Wonderful way to get ultra-cheap home loans and vehicle loans

Duis aute irure dolor in

Share This :

Leadership quality is the
best quality someone possesses